SunGard's hottest stocks
06 November 2014 Global
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The hottest stocks from around the globe for the week beginning 3 October 2014 have been compiled by SunGard’s Astec Analytics.
Portugal Telecom SA (PTC.LIS) is Astec’s top stock in the Europe, Middle East and Africa region following news that cable company Altice has made a binding €7 billion offer to acquire the company's Portuguese assets from Brazil's Oi.
PTC's share price has been climbing strongly after a “mostly negative” few months while, on the borrowing front, data from Astec suggests short sellers have also been turning more positive, with the number of shares borrowed falling 14 percent in October.
Hot stocks regular, Logitech International SA (LOGN.S), is back in the list after it agreed an extension with the SIX Swiss exchange for the submission of its annual report.
Price gains following its Q2 numbers released in October have driven action for the most part, with Astec’s data suggesting short sellers have started to cover their positions; last week seeing borrowing volumes falling 11 percent.
Energy giant Chevron Corp. (CVX) is Astec’s top pick for North America this week after it bucked the trend of falling earnings seen in the industry; posting increased Q3 profits thanks in large to a strong performance from its refinery business.
Its share price has climbed almost 20 percent over the past two weeks alone, while Astec's data suggests short sellers have been “slowly but surely” closing out their positions over this same period of time, with the number of shares borrowed down around 26 percent in the past four weeks.
Hot stocks mainstay GoPro (GPRO) has seen yet another week in Astec’s list, with fresh attention following the release of its strong Q3 results.
On the securities lending front, Astec’s data suggests short sellers were somewhat sceptical of these gains, with the number of GoPro shares being borrowed climbing 28 percent in the week.
Chinese company Tencent Holdings (0700.HK) is Astec’s top pick in Asia as it draws fresh attention following the strong results of rival firm Alibaba.
Tencent's shares only lost a little ground following these results, although on the borrowing front Astec’s data suggests short sellers have been building positions since the start of October—in which time borrowing volumes have climbed almost 30 percent.
Finally, Japanese industrial gas business Taiyo Nippon Sanso Corp (4091) has also drawn attention in Asia after it announced its latest earnings numbers; showing a better than expected performance and bolstering its share price.
On the borrowing front, this seemingly did little to dissuade short sellers of their convictions, with the number of Nippon shares edging very slightly higher, now having almost doubled since the start of October.
Portugal Telecom SA (PTC.LIS) is Astec’s top stock in the Europe, Middle East and Africa region following news that cable company Altice has made a binding €7 billion offer to acquire the company's Portuguese assets from Brazil's Oi.
PTC's share price has been climbing strongly after a “mostly negative” few months while, on the borrowing front, data from Astec suggests short sellers have also been turning more positive, with the number of shares borrowed falling 14 percent in October.
Hot stocks regular, Logitech International SA (LOGN.S), is back in the list after it agreed an extension with the SIX Swiss exchange for the submission of its annual report.
Price gains following its Q2 numbers released in October have driven action for the most part, with Astec’s data suggesting short sellers have started to cover their positions; last week seeing borrowing volumes falling 11 percent.
Energy giant Chevron Corp. (CVX) is Astec’s top pick for North America this week after it bucked the trend of falling earnings seen in the industry; posting increased Q3 profits thanks in large to a strong performance from its refinery business.
Its share price has climbed almost 20 percent over the past two weeks alone, while Astec's data suggests short sellers have been “slowly but surely” closing out their positions over this same period of time, with the number of shares borrowed down around 26 percent in the past four weeks.
Hot stocks mainstay GoPro (GPRO) has seen yet another week in Astec’s list, with fresh attention following the release of its strong Q3 results.
On the securities lending front, Astec’s data suggests short sellers were somewhat sceptical of these gains, with the number of GoPro shares being borrowed climbing 28 percent in the week.
Chinese company Tencent Holdings (0700.HK) is Astec’s top pick in Asia as it draws fresh attention following the strong results of rival firm Alibaba.
Tencent's shares only lost a little ground following these results, although on the borrowing front Astec’s data suggests short sellers have been building positions since the start of October—in which time borrowing volumes have climbed almost 30 percent.
Finally, Japanese industrial gas business Taiyo Nippon Sanso Corp (4091) has also drawn attention in Asia after it announced its latest earnings numbers; showing a better than expected performance and bolstering its share price.
On the borrowing front, this seemingly did little to dissuade short sellers of their convictions, with the number of Nippon shares edging very slightly higher, now having almost doubled since the start of October.
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